Acuity Brands announces agreement to acquire QSC for $1.215B

TipRanks10-25

Acuity Brands (AYI) has reached a definitive agreement to acquire QSC for a purchase price of $1.215B, or $1.1B net of approximately $100M in present value of expected tax benefits. The net purchase ...

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The net purchase ...</p>\n\n<a href=\"https://finance.yahoo.com/news/acuity-brands-announces-agreement-acquire-130550031.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AYI","symbol_name":"Acuity Brands Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/acuity-brands-announces-agreement-acquire-130550031.html","article_id":"2478980709","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/kYWUIuBsiwuDkRyeMMXoMA--~B/aD0xOTI7dz0xOTI7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/tipranks_452/37ff966d05155107fc405e11c714c7b9"],"rights":{"source":"yahoofinance","url":"https://finance.yahoo.com/news/acuity-brands-announces-agreement-acquire-130550031.html","rn_cache_url":null,"customStyle":"img, svg { display: none !important; }","selectors":"article","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2478980709","pubTimestamp":1729861550,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Acuity Brands  has reached a definitive agreement to acquire QSC for a purchase price of $1.215B, or $1.1B net of approximately $100M in present value of expected tax benefits. The net purchase price represents approximately 14 times QSC’s estimated EBITDA for the last twelve months ending August 31, 2024. It is expected to be accretive to Acuity’s’ fiscal 2025 full-year adjusted diluted earnings per share. “We are excited to be joining a company that is aligned around our long-term mission and shares our values,” said Joe Pham, Chairman and Chief Executive Officer of QSC. “Our shared vision of how we can leverage data with our technology solutions will elevate our ability to service our end-users and drive growth.”Acuity Brands price target raised to $370 from $315 at Oppenheimer. Acuity Brands price target raised to $318 from $280 at Baird. Acuity Brands price target raised to $305 from $289 at Wells Fargo. CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AYI":"Acuity Brands Inc","BK4096":"电气部件与设备","LU0054578231.USD":"BGF SYSTEMATIC SUSTAINABLE GLOBAL SMALLCAP \"A2\" (USD) ACC"},"translate_title":"Acuity Brands宣布同意以$1.215 B收购QSC","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AYI":1},"content_text":"Acuity Brands (AYI) has reached a definitive agreement to acquire QSC for a purchase price of $1.215B, or $1.1B net of approximately $100M in present value of expected tax benefits. The net purchase price represents approximately 14 times QSC’s estimated EBITDA for the last twelve months ending August 31, 2024. It is expected to be accretive to Acuity’s’ fiscal 2025 full-year adjusted diluted earnings per share. “We are excited to be joining a company that is aligned around our long-term mission and shares our values,” said Joe Pham, Chairman and Chief Executive Officer of QSC. “Our shared vision of how we can leverage data with our technology solutions will elevate our ability to service our end-users and drive growth.”\n\nPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>\n\n\nSee today’s best-performing stocks on TipRanks >>\n\n\nRead More on AYI:\n\nAcuity Brands (AYI) Stock Surges 70% as it Surfs the IoT Wave\nAcuity Brands price target raised to $370 from $315 at Oppenheimer\nAcuity Brands price target raised to $318 from $280 at Baird\nAcuity Brands price target raised to $305 from $289 at Wells Fargo\nCVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478980709"}